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at the end of the day. there was a news from the u.s. consumer that the economy is picking up. and consumers in the united states, the confidence level is up the highest level it has been in five years. >> we will stay for a look at the numbers in the dax. down by 0.6% on the final trading day of the week. across the atlantic on wall street coming the dow jones also flat. the euro trading at a value of $1 u.s. -- u.s. $1.2712. >> the first round of budget talks have failed to produce an agreement. european parliament is pushing for a 7% increase in spending and more money for a supplementary budget this year. germany, france, and britain want to limit increases to less than 3%. the negotiations will continue next week. >> more business news coming later in the show including economic and is from china and the once in a decade leadership change. the strongest european economy is beefing up their welfare state. parliament has approved a contentious new subsidy for stay at home parents. opposition parties have criticized this scheme as promoting outdated ideas about families in an age where it'
at the president has done with the economy, it is very far reaching, just across the country women have access to capital to start small business, let's not forget his very, very first bill that he signed in to law was lily ledbetter fair pay act. it's a tremendous accomplishment. i think that shows his devotion and his commitment to women. >> first thing you have to ask is, what are women concerned about today, it's jobs, job security, opportunities for themselves and for their loved ones and in particular for their kidss there a brighter future. this is mitt romney's message to women to all americans. is that he is going to put in to place economic policies that will create growth which will create the jobs, be the energy to small businesses start growing again. >> we asked the experts whether reproductive rights is a decisive issue for women voters this year. >> it is for the barack obama campaign. they think that's the way they're going to keep their women. suggest that women would vote about who's going to pay for their contraception, that is more of an issue than are my loved ones workin
in the next four years? >> the economy might be recovering. if the recovery is not complete or if growth is tepid and slow and jobs do not come back by the time of the next presidential campaign, how will that affect the types of policies that candidates will propose? different solutions and how people might change electorally. >> i think given polling data and the uncertainty of it these days, i think there were a lot of reasonable predictions you could have made from getting barack obama to 332 would have been a reasonable prediction. getting over 304 mitt romney was within the realm of possibilities, or a reasonable person could conclude. there are lots of issues in polling now that carolina has been following closely better generally troubling to a lot of pollsters. polling procedures are developed in a nation that had landline telephones and a population that answer the phone. we do not live in such a nation anymore. peter researchers found 9% of calls resulted in a complete interview. in 1997 was 37%. is the representative of the larger public, we are not sure. the exit poll intake
. >> the elections are over. the threats to our economy are not. time to get to work. and there is lots of work to be done. it starts with averting this disaster of our own making. i repeat that. the fiscal cliff. we've got it covered from all angles as only cnn can. christine romans is host of cnn's "your bottom line." david walker spent a decade overseeing the federal government, how it spends your tax dollars as the u.s. comptroller general. today he's the ceo of comeback america and he's a deficit hawk. the ceo of pimco. hisfirm is one of the largest investors of bonds, and steve moore is a conservative, founder of club for growth and a writer at the wall street journal. i'm going to start with you, steven, my good friend. the fiscal cliff is an immediate threat. both parties need to come together to fix it, because not fixing it would set even fiscal conservatives back, don't you agree? >> yeah, and i think other conservatives agree that he don't want to go off this fiscal cliff, either. i think one hangup that will start on tuesday is the president will say, look, i was reelected to raise
% while the economy added 3.4 million new jobs, all of which sounds great but a federal deficit would rise by $503 billion in 2013 and another $67682 billion. is the emerging choice jobs versus larger, short-term deficits. given the acrimony between the white house and the house of representatives is a deal likely? erskine bowles wrote today in "the washington post" and i quote... but throughout the campaign, president obama insisted that any deal must include tax hikes on the well-to-do. something this campaign senior as viser david axelrod emphasized today. >> he talked about it in debates and speeches. on the need for balanced deficit reduction that included some new revenues and he was re-elected by you know, in a significant way. but if the attitude is that, you know nothing happened on tuesday, that would be unfortunate. >> eliot: that seems to be house speaker john boehner's attitude toward any tax hike at all. take a listen. >> raising tax rates is unacceptable and frankly it couldn't even pass the house. i
. it is an anomaly. is an authoritarian regime running the world's second- biggest economy. modern leaders paying homage to pass commonness, mouse at all -- mao tse tung included. >> we must crack down on corruption at all times and thoroughly investigate cases of major corruption. anyone who breaks the law, whoever they are, must be brought to justice without mercy. gregg's the successor, the current vice president, was chosen by party leaders five years ago in a process of back room deals and compromises. he will be installed as the new general secretary next week. outside, china looks increasingly modern. there is a widespread sense that growth is slipping and what is needed now is more reform. but a fear that the party may not be able to relax the market still has on part of the economy or submit itself to more checks and balances. >> the pressure for real reforms is building in chinese society. the last 10 years were a lost decade. >> instead, the communist party has tightened its hold and become more intolerant of those who question its right to will. this way, a taxi drivers have been told
situation room". >>> president obama says his re-election proves that americans want action on the economy, not just politics as usual: just days after his victory, he's laying out a framework for compromise with the republicans to avoid $600 billion in automatic spending cuts and tax hikes in the next year. he says he's open to new ideas, but he warns the federal government can't cut its way to prosperity. >> if we're serious about reducing the deficit, we have to combine spending cuts with revenue. and that means asking the wealthest americans to pay a little more in taxes. that's how we did it -- that's how we did it in the 1990s when bill clinton was president. that's how we can reduce the deficit while still making the investments we need to build a strong middle class and a strong economy. that's the only way we can still afford to train our workers or help our kids pay for college, or make sure that good jobs and clean energy or high-tech manufacturing don't end up in countries like china. now, already i've put forward a detailed plan that allows us to make these investments while r
funding for the pbs newshour has been provided by: ♪ ♪ moving our economy for 160 years. bnsf, the engine that connects us. and with the ongoing support of these institutions and foundations. and... this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> woodruff: for the first time in four years, president obama did not have to worry about re-election today. still, there was little time to savor tuesday's victory, in the face of a potential fiscal crisis at the end of the year. "newshour" correspondent kwame holman begins our coverage on this day after the election of 2012. >> reporter: mr. obama departed his hometown of chicago this afternoon for washington, his home for another four years. waiting for him: a still- divided congress now facing a critical lame duck session. the president made it clear in his victory speech last night that he thinks the country wants an end to gridlock. >> tonight, you voted for action, not politics as usual. ( applause ) you elected us to focus on your jobs,
at the barber shop run by ivan loyd. obama has another chance to get the economy back on track. ?an he do it chairma >> when you see things that are happening on the economic front and the last couple months, that is a good sign. >> if you think obama is on the right track? >> yes. >> how to deal with a country so undivided. the wealth gap is clear. so is the ideological divide. the president has to work with a split congress. in the senate they strengthen the narrow majority. in the lower house, republicans still have solid control. spending is where the first battle looms. legally government spending could be cut automatically by six under $20 million. >> we are ready to be led, not as democrats or republicans, but as americans theory of we want you to leave, not as -- but as americans. we want you to lead as president of the united states of america. >> some will not back down. no deal, and the resulting debt crisis will stall economic recovery. >> it is no surprise he called for economic unity. trust in the government is at an all-time low. the political camps are digging their heels
when our economy is still recovering from the great recession, our top priority has to be jobs and growth. that's the focus of the plan i talked about during the campaign. it's a plan to reward businesses that create jobs here in america, and give people access to the education and training that those businesses are looking for. it's a plan to rebuild our infrastructure and keep us on the cutting edge of innovation and clean energy. and it's a plan to reduce our deficit in a balanced and responsible way. this is even more important because at the end of this year, we face a series of deadlines that require us to make major decisions about how to pay down our deficit -- decisions that will have a huge impact on the economy and the middle class, now and in the future. last year, i worked with democrats and republicans to cut a trillion dollars' worth of spending, and i intend to work with both parties to do more. but as i said over and over again on the campaign trail, we can't just cut our way to prosperity. if we're serious about reducing the deficit, we have to combine spendin
with the story. the looming fiscal cliff, our economy hanging in the balance. moody's chief economist with us next. you see us, at the start of the day. on the company phone list that's a few names longer. you see us bank on busier highways. on once empty fields. everyday you see all the ways all of us at us bank are helping grow our economy. lending more so companies and communities can expand, grow stronger and get back to work. everyday you see all of us serving you, around the country, around the corne us bank. lou: let's bring you up-to-date correctly on the money and what is happening on wall street. concernssabout pending tax hikes and budget cuts also known as the fiscal cliff. too much for many investors. stock prices for a second straight session. the dow down another hundred and 20 points. the index down three and three-quarters percent. down 400 points. the s&p down another 70. the loss, now three and a half percent. and nasdaq 42 points. mounting to almost 4%. all three indexes trading under their 200 day moving average. volume, two or three quarter billion shares. negative.
on tonight's "newshour." major funding for the pbs newshour has been provided by: ♪ ♪ moving our economy for 160 years. bnsf, the engine that connects us. and by the alfred p. sloan foundation. supporting science, technology, and improved economic performance and financial literacy in the 21st century. and with the ongoing support of these institutions and foundations. and... this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> woodruff: with the election over, there's new talk in washington about finally coming to grips with taxes, spending and the deficit. the mammoth problem has been hanging over congress and president for many months, and now, time is running out. in just five days, lawmakers troop back to the capitol for a final, lame-duck session. and they are under mounting pressure to avoid going off the much-talked-about fiscal cliff. come january 1, the bush-era tax cuts will expire as will a 2% payroll tax cut that was passed in december of 2010. at the same time, large automati
the entire size of our economy. there will be many who will say that we should confront the first of these challenges by letting the tax rates expire and pushing the sequester off to some other day. there would have disengage in the same short-term temporary policies that has helped put us into this fix. let's have more of the same. let's agree to a drive our economy off part of the fiscal cliff instead of driving it off the whole fiscal cliff and we will call it a day. that might get us out of town but it will not get us out of the problem. and it will hurt our economy. we cannot keep going on like that. we cannot keep setting the bar that low. it is time that we raise the bar. the american people did not give us a mandate to do the simple thing. they elected us to lead. they gave us a mandate to work together to do the best for our country. we know what the best thing is, an agreement that sends the signal to our economy and to the world that after years of hunting on the fiscal challenges we face, -- punting the fiscal challenges we face, 2013 is going to be different. if we wa
what i said on friday. right now, our economy is still recovering from a very deep and damaging crisis. so our top priority has to be jobs and growth. we've got to build on the progress that we've made. because this nation succeeds when we've got a growing, thriving middle class. and that's the idea at the core of the plan that i talked about on the campaign trail over the last year, rewarding manufacturers and small businesses that create jobs here, not overseas, providing more americans the chance to earn skills that businesses are looking for right now. keeping this country at the forefront of research, technology, and clean energy, putting people back to work rebuilding roads, bridges and schools and reducing our deficit in a balanced and responsible way. on this last item, we face a very clear deadline. that requires us to make some big decisions on jobs, taxes, and deficits by the end of the year. both parties voted to set this deadline. and i believe that both parties can work together to make these decisions in a balanced and responsible way. to meet with labor and civic leader
their ideas as well. in a time when our economy is still recovering from the great recession, our top priority has to be jobs and growth. that is the focus of the plan that i talked about during the campaign. [applause] it is a plan to reward small businesses and manufacturers to create jobs here, not overseas, a plan to give people the chance to get the education and training that businesses are looking for right now. it is a plan to make sure this country is a global leader in research and technology and clean energy, which will attract new companies and high- wage jobs for america. it is a plan put americans back to work, including veterans, rebuilding our infrastructure, and it is a plan to reduce our deficit in a balanced and responsible way. our work is made that much more urgent because at the end of this year we face a series of deadlines that require us to make major decisions about how to pay our deficit down, decisions that will have a huge impact on economies and the middle class, both now and in the future. last year i worked with democrats and republicans to cut $1 trillion in sp
. >> this week, i called for action by both parties on a plan to help our economy grow and create jobs, which is critical to solving our debt. it's also critical to averting the so-called fiscal cliff, a combination of automatic spending cuts and tax rate increases that's just weeks away from taking effect. some have said that despite the risks, we should let our nation's economy go off part of the fiscal cliff in january, by allowing the top two rates to rise. they believe that doing that will generate more revenue for the federal government. but here's the problem with that. raising those rates on january 1 would, according to the independent firm ernst & young, destroy 700,000 american jobs. that's because many of those hit by this tax increase are small business owners -- the very people who are the key to job creation in america. i used to be one of them. this week, i offered congratulations to president obama -- along with an alternative to sending our economy over any part of the fiscal cliff. instead of raising tax rates on the american people and accepting the damage it will do to ou
the economy today. he reminded america that there was an election on tuesday and the people have spoken. the president spoke from the east room of the white house surrounded by middle class americans. he's ready to lead on fiscal challenges facing this country. >> the american people voted for action. not politics as usual. you elected us to focus on your jobs, not ours. and in that spirit, i have invited leaders of both parties to the white house next week so we can start to build consensus around the challenges that we can only solve together. >> no heavy hand, no arrogance whatsoever. if there's one word to sum up the president's presentation today, it's this. consistent. the guy who gave the speech is the same guy who we watched on the campaign trail for the last seven months. americans want cooperation when it comes to a deal on the united states economy and the president is delivering his side of the bargain. >> we can't just cut our way to prosperity. if we're serious about reducing the deficit, we have to combine spending cuts with revenue. that means asking the wealthiest ameri
and keeping the economy growing. all of it goes back to the looming fiscal cliff. $700 billion in tax hikes that will take place on january 1st unless there's a deal. >> he's going to reach out in a bipartisan way. . he's going to stick to his position on the revenues, but say we have to work together and i'm willing to do my share and lead my party. >> that 396 referring to the bush tax cuts. to make a deal, the president will need to work with congress, especially house republicans and they have been opposed to tax increases. we will hear from john baoehner too for the republican party. >> raising taxes on small business people is the wrong prescription. >> raising tax rates is unacceptable. and frankly it couldn't even pass the house. putting increased revenues on the table but through reforming our tax code. >> i want to bring in ruth marcus, columnist at "the washington post" and perry bacon, an msnbc contributor. what's your sense of this? are we setting up for a feisty but doable deal? but is it also possible we're in for a battle of epic proportions? >> yes to both ques
term. there are parallels to reagan and clinton who had first terms and successful economies for the second terms. that emboldened them to be braver than they might have been. are you hoping you are going to get the kind of economic security if not prosperity in this term that will allow you to do, perhaps, the things that barack obama when he sailed in on hope and change hoped he could do? >> well, piers, i do believe the economy is improving. but i want to challenge a bit of your premise, one of the reasons the economy is improving is because this president was brave. it was brave to intervene and save the auto industry, which was not a popular decision at the time. it was brave to move forward on the recovery act. which again was not popular at the time. without that, we would have slid into a second great depression. it was brave to stand up the financial industry when it was on collapse. even though that was an unpopular thing to do. because he understand that we needed to move the economy forward. and now we are reaping the benefits of that bravery and good decisions be
term will be how does he get some kind of bipartisan momentum going, particularly on the economy and this is your wheelhouse right now. you've got some pretty firm ideas about how to prevent the fiscal cliff becoming a reality. tell me about that. >> well, we need to avoid the fiscal cliff. as the nonpartisan congressional budget office said, it will reduce gdp by almost 3% and keep in mind it's only 2% now so that means going negative, going back to recession. they predicted that unemployment would go back over 9% which would be terrible, obviously, and many other negative consequences. so they should do at least a temporary extension so they can buy themselves a little time for the new congress to get organized and new administration to get settled, and then get this thing solved as quickly as possible after that. so with the financial services roundtable, we asked them to bridge over with some extensions but then tackle it. that's going to have to include the president stepping forward and willingness to reform entitlement programs and on the republican side, they'll need to l
that will make a difference in the future economy of this country. we are in a mess. he is in a position like a lot of previous presidents. he's got to be thinking, am i going to leave a disastrous legacy in the hands of our grandchildren? or am i going to step up and lead? i used to get criticized because i was a deal maker. i talked to people like joe lieberman, we would find a way to get things done. you have to give a little to get a little. doesn't wind up getting you in trouble? oh, yes. but after all, that is what this is all about. the president has said himself, and i quoted him in an article that may run in the "washington post" tomorrow, he says america deserves better. it begins with him. mcconnell has to be engaged. harry reid has to be engaged. we are at a profit this year. maybe it is the fiscal cliff. but we have to act on a lot of really serious things and we had some of it now. we have to do a lot of it next year. if they do the right thing, that our country will benefit the legacy will be secure. so i want to open this up. a lot of people in this room are engaged in this ef
of the fundamental question of the internet economy. >> right, it certainly is and again, no one, even in the children, even in the copa context where we proposed before you collect information online from children you have to get parental consent, we don't think, i mean that doesn't stop advertisements for children. it only stops particularly types of information and advertising it back and monetizing that information and soling it to third parties and using it to advertise to children. all it doesn't say you can't collect certain types of information. that is our proposal. we are taking comments. we haven't made up our mind precisely where we're going to go. >> let's sort of talk broadly about a concept of unfairness. so the ftc has a mandate of enforcing deceptive and unfair practices right? >> right. >> traditionally you erred on the side of deceptive. >> well, you know, if you make a commitment to anyone in this room we will in the privacy content we will protect your data and you don't honor that commitment that is deceptive practice. that is an easy thing to understand conceptua
to the economy. >> and that is a huge deal. the fact that president bush is still getting blamed for the economy is something that clearly is showing up in those poll numbers. lou: we appreciate it. thank you. great work last night. president obama winning a second term as his party added to its majority in the senate, counting independent democrats could have a caucus of 55 members up from 53. among the most closely watched races, a democrat elizabeth warren beating republican incumbent senator scott brown. and in indiana, the democratic congressman, jim donnelly, defeating richard. in missouri democratic incumbent successfully fought off a challenge by congressman taught a kid who was not able to recover from comments about women's bodies and pregnancies of an absurd nature. well, in virginia democrat tim kane defeated former fellow governor george allen in thh most expensive senate race in the country. more than $82 million spent on the race. in the house republicans retain their majority with at least 2303 seats. the democrats' 192. ten races have yet to be called. the republicans 233 seats
is, there are not enough young people smoking pot. what we need to get this country, the economy bubbling is more kids smoking pot. really great idea. that's fantastic. >> sean: is america shifting? we have always said it's a center-right country. tonight, i will be honest, i am not so sure. when i saw the exit polls which i didn't believe, i was very skeptical. in the end, the polls ended up being more right than any of us thought. it shows certain issues where i am thinking, if this is true, i felt liberals were answering this. has the country moved to the left? or 51%? >> it's going to be tough to get out of this, but, no, i don't think permanently. by the way, in 2004, it was the same thing with an incumbent, kerry got nearly 10 million more votes than gore. you had the whole media on kerry's side and he still couldn't beat bush and republicans were wiped out in the congressional election. i gather america was not thrilled with the republicans in the middle of the last decade. yet, incumbency triumphed. you didn't see democrats turning around and saying, now, i am going to be
lines for these tax cuts that would cause damage to the economy if they're not dealt with. extending those tax cuts for 98% of the american people would deal with more than half in dollar terms of the impact caused by the fiscal cliff. there are other challenges we need to address including the sequester but congress ought to, the house ought to pass those tax cuts right away because it would send a tremendous positive signal to the american people that in the wake of this election, we can at the very least, come together and convert into law a bill that everyone agrees should become law, republicans and democrats alike, the president included. and we will then continue to work on those issues where we have broader disagreement. and that's where the president has invited leaders of congress to the white house next week. that's why he will be meeting with business leaders and labor leaders and others to get their ideas about how to move forward. he does have his own very specific plan that reduces the deficit by $4 trillion, that does it in a balanced bay and we can invest in research
's why we have these two guys to start today. i me, one of great at winners of the american economy, steve case, who not only has such an impact with aol, but now with revolution is funding and helping to develop a whole range of companies with a variety of industries. meanwhile, but in the washington area has gotten incredibly involved in trying to help the u.s. government think more intelligently about competitiveness and entrepreneurship in particular. josh linkner, a local store here who runs detroit venture partners as an sure many of you know, it's are from detroit you certainly know that, a supporter of this event which were very grateful for, and i think it's symbolic of incredible new energy that is developing in detroit and i should also say that josh created a company called, in 1999 here in detroit, operating all this time. two weeks ago it sold for a nice exit. here's a story of a company, a local copy that came from here, when all the way and he's an real well with the. even vested in a ton of other companies. so i just want to start asking you, steve, you know, when i
a stark contrast to the president who wants the federal government to drive the economy. the campaign unfolded slowly as most persons did not know romney. and with all the high tech gizmos these days, it's difficult to get the attention of the folks. so i knew very early that the polling was insignificant and the debates would be the real test. as i said, these polls are interesting but they are not vital because of the debates, the three debates i think really going to the tale. >> i told you earlier this year when you said debates are going to be all important. i said the history shows they are not. >> bill: i'm so happy that you brought that up. can i just -- can i paraphrase barack obama? in the last debate? can i do that? >> of course. >> bill: can you say that a bit louder, brit? that's why i like hume, is he an honest man. as we all know the first debate was a major victory for governor romney. instantly made him competitive. but he did not exactly seize the day. his campaign played it conservative managing romney's appearances tightly scripting his media response. then in the
Search Results 0 to 49 of about 336 (some duplicates have been removed)